FTX’s Decision to Drop Relaunch Plans Leads to DCI Sale at 95% Discount

In a recent filing, the FTX Debtors’ estate, under the leadership of CEO John Ray III, announced its decision to sell Digital Custody Inc. (DCI) to the centralized exchange (CEX), CoinList. In a bid to repay debts amidst increasing pressure from creditors and regulators, FTX has filed to sell the $10 million subsidiary at a...